Monday, February 29, 2016

Quote of the Day February 29

There is always some madness in love. But there is also always some reason in madness. - Friedrich Nietzsche

Union Budget 2016-17


Press Information Bureau
Government of India
Ministry of Finance

29-February-2016 13:01 IST

 Limit of Deduction of Rent Increased from Rs.24,000 to Rs.60,000

100% Deduction of Profits for 3 out of 5 Years for Start-Ups

Withdrawal upto 40% of the Corpus to be Tax-Free at the time of Retirement

Deduction of Additional Interest of Rs.50,000 Per Annum for First-Time Home buyers  

New Dispute Resolution Scheme to be Introduced  

Thirteen Cesses Levied by Various Ministries having Revenue Collection less than Rs.50 Crore to be Abolished 

‘E-Sahyog’ and ‘E-Assessment’  to be Expanded Further 

100% Deductions for Profits to an undertaking in Housing Project for Flats up to 30 Sq. Mtrs.
Click here to view details

Grant of Paternity-Cum-Child Care Leave for 30 days - West Bengal Govt

Government of West Bengal
Finance Department
Audit Branch

No.1100-F(P)
Dated: 25.02.2016
MEMORANDUM

Sub: Grant of Paternity-Cum-Child Care Leave for 30 days to the male State Government employees and employees of panchayat Raj & other Local Bodies, Boards, Sponsored/non-Govt. aided Schools & Colleges, state aided Universities and companies, corporations, Undertakings etc.


Introduction of Paternity -Cum-Child Care Leave to the male State Government employees and such employees of Panchayat Raj & other Local Bodies, Boards, sponsored/non-govt. aided Schools & Colleges, State aided Universities and companies, Statutory Bodies, Undertakings and Corporations which are funded wholly or partially by the State Government was under active consideration of the Government for some time past.

2. Now, after careful consideration of the matter the Governor has been pleased to decide that all male State Government Employees as well as such employees of the bodies, boards, educational institutions, entities etc. As above with less than two surviving Children will be allowed Paternity-Cum-Child Care Leave for 30 days in the following manner.

i) Such leave may be availed of during child birth and upto the age of 18 years of the Child.

ii) During such leave he will be paid leave salary equal to the pay drawn immediately before proceeding on leave.

iii) Such leave can be combined with leave of any other kind.

iv) This will not be debited against the leave account.

3. Necessary amendment in the West Bengal Rules, Part-I will be made in due course. In case of Panchayat Raj & Local Bodies, Boards, Sponsored/Non-Govt aided Schools & colleges etc. as above, the concernedAdministrative Department will take steps for amendment in the relevant leave rules or regulations or bye-laws as applicable.

4. This order will take immediate effect.


Sd/-
H.K.Dwivedi
Principal Secretary
to the Govt. Of West Bengal

S

EDITORIAL POSTAL CRUSADER –MARCH: 2016

GET READY FOR INDEFINITE STRIKE FROM 11th APRIL-2016

            The 7th Central Pay Commission has submitted its report to Government of India. The recommendations given by the Pay Commission are most retrograde. The Chairman, Pay Commission did not consider even a single demand of unions. The demand of minimum wage as per Dr. Aykhroyid formula has been negated totally. The National Council JCM demanded minimum wage as Rs. 26000/- but the Pay Commission has recommended onlyRs. 18000/-. Other demands  like rate of increment  as 5% , upgraded  pay  scales to the various cadres of Postal Department , 5 promotions , Deletion of Bench Mark  in MACP, Revision of wages  and other service conditions  of GDS ,wage revision of Casual part time  and contingent employees, cashless   hassle free Medical   facility , One time LTC to visit abroad, Removal of ceiling of 5% on compassionate  appointments, Scrapping of New Pension Scheme , 67% of pay as pension  on superannuation  along with other  demands have not been considered .Beside this the Pay Commission has  recommended to abolish  52 existing  allowances and advances like HBA, Festival Advance , TA Advance and Medical Advance. The percentage of HRA has been reduced as 24%, 16%, 8% instead of 30%, 20% & 10%.

            This Pay Commission is one of the worst Pay Commission ever seen. It has recommended only 14.29% increase like 2nd Pay Commission.

            The NJCA after  detailed  discussions in  several Meetings with all constituents organizations  of National Council  JCM  has submitted  memorandum and Charter of demands to the Government  of India with the warning  that if the same  is not settled , NJCA (Railway, Defence, Confederation) will  be  forced  to go on indefinite strike  from 11th April -2016 for which the notice will be served  to Cabinet  Secretary  along with all heads of departments and at all levels on 11th March, 2016.

            The Government has set up implementation Cell in Finance Ministry which will work as Secretariat to Empowered Committee headed by Cabinet Secretary for processing and implementation of recommendations of 7th Pay Commission. First meeting has been taken by the Chairman implementation Cell with NJCA leaders on 19th February, 2016. NJCA leaders have very clearly told that Employees will go on indefinite strike from 11thApeil, 2016.

            The Confederation of Central Government Employees and Workers and national Federation of Postal Employees along with Postal JCA have endorsed the decision of NJCA.
            All Central leaders will address rallies in the Capital Cities to popularize the strike demands and to mobilize the employees for which campaign programme has been chalked out and circulated among all.

            29th March -2016 will be observed as Solidarity day throughout the country by all constituents of NJCA.

            We as NFPE being on the forefront of all struggles have more responsibility to carry on all agitational programmes more successfully.

            Keeping in view all the above mentioned facts NFPE appeals to the entirety of Postal, RMS and GDS employees to make all the agitational programmes  cent per cent success and make all efforts to make the indefinite strike  from 11th April-2016 a historic success to achieve the genuine  and justified demands.

We have won on so many occasions and this time also we will win.

Unity for struggle and struggle for unity.
Inquilab Zindabad
Workers unity Zindabad.

Certain Tax Reliefs announced for small tax payers and others



Press Information Bureau
Government of India
Ministry of Finance

29-February-2016 13:18 IST

Certain Tax Reliefs announced for small tax payers and others.
While presenting the General Budget 2016-17 in Lok Sabha here today, the Union Finance Minister Shri Arun Jaitley said that the taxation is a major tool available to Government for removing poverty and inequality and this has to be cautiously exercised. But, he would like to give relief to small tax payers, the Finance Minister added.

Thus the ceiling of tax rebate under Section 87A of IT Act has been proposed to be raised to Rs. 5,000 from Rs. 2,000 for individuals with income less than Rs. 5 lakhs. He said that above 2 crore tax payers would get a relief of Rs. 3,000. The limit of deduction of house rent paid under section 80GG has also been raised to Rs. 60,000 from the existing Rs. 24,000 per annum to give relief to employees who live in rented houses.

Under the presumptive taxation scheme under Section 44AD of the Income tax Act, the limit of turnover or gross receipts has been raised to two crore rupees from the exiting one crore rupees to benefit about 33 lakh small business people. It frees a large number of such assesses in the MSME category from the burden of maintaining detailed books of account and getting audit done.

The presumptive taxation scheme is to be now extended to professionals with gross receipts up to Rs. 50 lakh with the presumption of profit being 50% of the gross receipts.

Measures for moving towards a pensioned society



Press Information Bureau
Government of India
Ministry of Finance

29-February-2016 13:17 IST

Measures for moving towards a pensioned society
While presenting the General Budget 2016-17 in Lok Sabha today, the Union Finance Minister Shri Arun Jaitley said that pension schemes offer financial protection to senior citizens. He proposed to make withdrawal up to 40% of the corpus at the time of retirement tax exempt in the case of National Pension Scheme(NPS). In case of superannuation funds and recognized provident funds, including EPF, the same norm of 40% of corpus to be tax free will apply in respect of corpus created out of contributions made after 1.4.2016. Further, the annuity fund which goes to the legal heir after the death of pensioner will not be taxable in all three cases.

He also proposed a monetary limit for contribution of employer in recognized Provident and Superannuation Fund of Rs. 1.5 lakh per annum for taking tax benefit.

He proposed to exempt from service tax the Annuity services provided by the National Pension Scheme (NPS) and Services provided by EPFO to employees. Also, he proposed to reduce service tax on Single premium Annuity (Insurance) Policies from 3.5% to 1.4% of the premium paid in certain cases.

Important Announcements made by Union Finance Minister Shri Arun Jaitley in his Budget speech 2016-17



Press Information Bureau Government of India
Ministry of Finance

29-February-2016 13:15 IST

Important Announcements made by Union Finance Minister Shri Arun Jaitley in his Budget speech 2016-17
1.      Big Focus on Agriculture and Farmer’ Welfare

(i)            Farmer’s income to be doubled by 2022.
(ii)           28.5 lakh hectares will be brought under irrigation under Pradhan Mantri Krishi Sinchai Yojana.
(iii)            89 irrigation projects, requiring Rs. 86,500 crore in next five years, to be fast tracked. 23 of these projects to be completed before 31st March, 2017.
(iv)         Dedicated Long Term Irrigation Fund will be created in NABARD with initial corpus of Rs. 20,000 crore.
(v)            Total outlay on irrigation including market borrowings is R. 12,157 crore.
(vi)            Major programme for Sustainable Ground Water management proposed for multilateral funding at a cost of Rs. 6,000 crore.
(vii)           5 lakh farm ponds and dug wells in rain-fed areas and 10 lakh copost pits for production of organic manure will be taken up.
(viii)         Soil Health Cards will be given to 14 crore farm holdings by March, 2017.
(ix)            2,000 model retail otlets of fertilizer companies with soil and seed testing facilities, will be opened in the next three years.
(x)            Unified Agricultural Marketing E Platform to be dedicated to the Nation on the Birthday of Dr. Ambedkar on 14th April, 2016. 

2.      Rs. 27,000 crore including State’s share to be spent on PMGSY in 2016-17. Target date of completion of PMGSY advanced from 2021 to 2019. 

3.      Rs. 9 lakh crore will be given as Agricultural credit in 2016-17.

4.      FCI will undertake online procurement of food grains. This will bring transparency and convenience to farmers through prior registration and monitoring of procurement. 

5.      Pashudhan Sanjeevani, an animal wellness programme, will be undertaken. Nakul Swasthya Patras to be issued. 

6.      Rural Sector

(i)            R. 2.87 lakh crore will be given as Grant in Aid to Gram Panchayats and Municpalities as per the recommendations of the 14th FC. This translates to Rs. 81 lakh per gram panchayat and over Rs. 21 crore per Municipality.
(ii)            Every Block in drought and rural distress areas will be taken up under Deen Dayal Antoyodaya Mission.
(iii)            300 Rurban Clusters will incubate growth Centres in Rural Area.
(iv)            All villages will be electrified by 1st May, 2018.
(v)            A new Digital Literacy Mission scheme will be launched for rural India to cover around 6 crore households in next three years.
(vi)            Modernisation of Land Records through revamped National Land Records Programme.
(vii)           Rashtriya Gram Swaraj Programme to be launched.

7.      Targeted Delivery of Government subsidies and benefits to ensure that they reach the poor and the deserving. 

(i)            New law fpr targeted delivery of financial and other subsidies etc. using Aadhar framework will be enacted.
(ii)            DBT in fertilizer will be launced on pilot basis.
(iii)            Of the total 5.35 lakh fair price shops in the country, 3 lakh shops to be automated by March,2017.

8.      MUDRA – Loan target of 1,80,000 crore in 2016-17.

9.      Social Sector

(i)            Massive Mission to provide LPG connection to poor households will be launched. 1.5 crore poor households will benefit in 2016-17. Scheme will continue for two more years to cover a total of 5 crore BPL households. LPG connection to be given in the name of woman member of the family.
(ii)            New Health Protection scheme will be launched. Health cover up to Rs. 1 lakh per family and additional Rs. 30,000 for senior citizens to be provided.
(iii)            3000 stores under Prime Minister’s Jan Aushadhi Yojana will be opened in 2016- 17.
(iv)           National Dialysis Services Programme will be launched. Tax exemptions given to certain parts of dialysis equipments.
(v)            A new Eco System for SC/ST entrepreneurs will be set up. SC/ST Hub to be set up in MSME Ministry.

10.  Education

(i)            62 new Navaodaya Vidyalayas to be opened in remaining uncovered districts in next two years.
(ii)            An enabling regulatory architecture will be provided to 10 public and 10 private institutions to emerge as world class teaching and research institutions.
(iii)            Higher Education Financing Agency will be set up with an initial capital base of Rs. 1,000 crore.
(iv)            Digital Depository will be set up for educational certificates, mark-sheets, awards etc.

11.  Skills

(i)            1500 Multi Skill Training Institutes will be set up under Pradhan Mantri Kaushal Vikas Yojana
(ii)            National Board for Skill Development Certification will be set up in partnership with industry and academia.
(iii)            Entrepreneurship education and training will be provided in 2200 colleges, 300 schools, 500 govt. it is and 50 vocational training centres through open online courses. 

12.  Job Creation

(i)            Government of India will pay EPS contribution of 8.33% for all new employees enrolling in EPFO for the first three years of employment. Applicable to those with salaries  of Rs. 15,000 per month
(ii)            Section 80 JJAA of Income Tax Act being amended to broaden the scope of employment generation incentives.
(iii)            Interlinking of State Employment Exchanges with National Career Service Platform.
(iv)            Small and medium shops to be permitted to remain open all 7 days a week on voluntary basis. New jobs in retail sector. 

13.  Measures in the sectors of Infrastructure, Investment, Banking, Insurance etc.

(i)            Rs. 2,18,000 crore will be spent on capital expenditure of roads and railways in 2016-17.
Includes: Rs. 27,000 crore PMGSY
                     55,000 crore Road Transport and highway
                     15,000 crore NHAI Bonds
                     1,21,000 crore Railways
(ii)            Unserved and underserved airstrips to be revived by AAI and also in partnership with State Governments.
(iii)            Road transport sector (passenger segment) to be opened up by removing permit system. This will benefit the poor and middle class, encourage new investment, promote start up entrepreneurs and create new jobs. This is a major reform measure.
(iv)            Discovery and exploration of fas in difficult areas will be incentivized by giving them calibrated marketing freedom. This is a major reform measure.
(v)            To promote private participation in infrastructure projects, Public Utility (Resolution of Disputes) Bill will be introduced; and guidelines for renegotiation of PPP agreements will be issued, without compromising transparency.
(vi)            Changes in FDI Policy.
(vii)           For the benefit of farmers, 100% FDI through FIPB route will be permitted for marketing of food products, produced and manufactured in India. This will give big encouragement to food processing industry and create new jobs.
(viii)         Guidelines for strategic disinvestment have been approved and will be spelt out.
(ix)            Individual units of CPSEs can be disinvested to raise resources for investment in new projects.
(x)            In the financial sector, a comprehensive Code on Resolution of Financial Firms will be enacted. Together will the Bankruptcy and Insolvency Law, this will fill a major systemic vacuum. This is a big reform measure.
(xi)            SARFAESI Act to be amended to strengthen Asset Reconstruction Companies. This will help in dealing with stressed assets of Banks.
(xii)           Public Sector Banks (PSB) – (a) Recapitalisation of PSBs; (b) roadmap to be spelt out for consolidation of PSBs; (c) considering reduction of Government equity in IDBI Bank to 49% of below; (d) DRTs to be strengthened with computerized processing of court cases.
(xiii)         General Insurance Companies will be listed in stock exchanges for improving transparency, accountability and efficiency.
(xiv)         Comprehensive Central legislation to deal with Illicit Deposit Taking schemes will be enacted.

14.  ‘Ek Bharat Shreshtha Bharat’ will be launched to link States and Districts. 

15.  Technology Driven Platform for Government procurement of goods and services will be set up by DGS&D. This will improve transparency, efficiency and reduce cost of procurement. 

16.  Fiscal Discipline

(i)            Fiscal deficit target of 3.5% of GDP in 2016-17
(ii)            Committee for review of FRBM Act.
(iii)            Removal of -/Non Plan classification from 2017-18
(iv)            Rationalisation of Central Plan Schemes. More than 1500 Central Plan schemes have been restructured to about 300 Central sector and 30 centrally sponsored Schemes.

State level Seminar by AIPEU GDS( NFPE) at Tiruchy on 28.02.2016

Attended by more than a thousand GDS and also NFPE Office bearers.

Inaugurated by  Comrade KR GS AIPRPA

Addressed by Comrades M.Krishnan (SG Confederation), S.Ragupathy (ASG NFPE) and many leaders  including comrade KVS (Ex-GS P3)  
 
 

Road show on postal schemes


Tribune News Service

Amritsar :
In order to sensitise the people about various government schemes, the Department of Posts, Amritsar division, organised a road show at Khalsa College Post Office here today. The aim of the road show was to popularise Sukanya Samriddhi Yojna, Atal Pension Yojna, PLI and other small saving schemes.

Additional Deputy Commissioner SP Angra flags off the road show from the Khalsa College post office in Amritsar on Friday. PHOTO: RK SONI

The road show was flagged off by SP Angra, ADC (development), Amritsar, and Jethmal Jingar, SSP, post offices. Gurinder Kaur Grewal, programme officer, ICDS, was the guest of honour on the occasion.

The road show passed through various bazars covering the areas of Putlighar and Islamabad. Participants also spread awareness on female foeticide and girl-child abandonment.

While giving details, Jingar said participants of the road show carried banners displaying information regarding various schemes. They also distributed pamphlets among shopkeepers and the public. The roadshow culminated at Government Elementary School, Islamabad.

An orientation session was organised at the end of the show. The staff and girl students of the school were apprised of various investment-cum-saving schemes launched by the Department of Posts, including Sukanya Samriddhi Yojna, which lays emphasis on securing the future of girls.

“The investments made in Sukanya Samriddhi Yojna upto Rs 1.5 lakh are covered under Section 80-C for taxrebate,” said Jingar. Speaking on the occasion, SP Angra, ADC (development), urged all residents of the holy city to avail benefits offered by the Department of Posts under Sukanya Samriddhi Yojna, PLI and other small saving schemes. He said money collected under these schemes was being utilised for development of the State.

PF may be withdrawn online from August



NEW DELHI: Retirement fund body EPFO may launch by August an online facility to withdraw provident fund, a move that will reduce paperwork and provide hassle-free service to its subscribers.

With the new facility, settling PF withdrawal claims would just take few hours.

"We are hopeful of launching an online facility for PF withdrawal claims by August this year. We have already digitised our records and processes using Oracle operating system," a senior EPFO official told PTI .

"EPFO will soon buy blade servers for setting up three Central Data Centres at Gurgaon, Dwarka (Delhi) and Secunderabad. All the three centres will be connected to 123 offices of the Employees' Provident Fund Organisation (EPFO)," he said.

The process of procuring servers would be completed by May while the testing would start in June to gauge the response of the system in place.

"After intensive testing and trials in June and July, we are planning to launch the online PF withdrawal facility in August this year," the official said.

Once this is operational, subscribers can apply online for PF withdrawal, which will be transferred directly to their bank accounts.

At present, subscribers who wish to settle their accounts with the EPFO are required to apply manually.

For settling online claims, the subscribers would have to activate their Universal (portable PF) Account Numbers which are seeded with KYC details including bank accounts, Aadhaar number and permanent account number.

The EPFO has over five crore subscribers.

As many as 6.15 crore UANs were issued by EPFO out of which 2.34 crore have been activated by the subscribers so far.

Government ready to implement recommendations of 7th Pay Commission

Finance Minister Arun Jaitley on Friday presented the Economic Survey in parliament. The government has said that the recommendations of 7th Pay Commission which has a bearing on the common man, has stated that it will not impact market price volatality.

According to report, increase in wages recommended by the 7th Pay Commission is unlikely to destabilise prices and will have little impact on inflation.

The Economic Survey for 2015-16 tabled in Parliament said despite high volatility in global financial markets, the Indian stock market has the higher ability to overcome adversity compared to global stock markets.

According to the survey, as the global financial system will stabilize, India will become the leading investment destination. Also, the country's strong economic fundamentals will continue to invest in the stock market.

According to the Economic Survey, "Most of the time, the current year remained financially stable and inflation remained within the central bank target of 4-6%.

The 7th Pay Commission has recommended a 23.55% hike in salary, allowances and pension, involving an additional burden of Rs 1.02 lakh crore, to central government employees and pensioners. If the government accepts this recommendation, it would it destabilise prices and inflation expectations?

Most likely, it will not," the survey, tabled in Parliament, said.

Citing the example of implementation of the Sixth Pay Commission, the pre-Budget document said the 7th Pay Commission award barely registered on inflation despite the lumpiness of the award, owing to the grant of arrears.

The survey noted that the wage bill (including for railways) will go up by around 52% under the Seventh Pay Commission, which was 70% under the 6th Pay Commission. 

Saturday, February 27, 2016

NFPE Taken up the issue of provision of five day week to operative staff of post offices



Central government employees have demanded a hike in the minimum pay in the upcoming Budget 2016 to be presented by the Finance Minister on February 29. 

The government employees have demanded a minimum salary of Rs 26,000 as against Rs 18,000 recommended by the 7th Central Pay Commission while threatening to go on strike if demands not met.
"Minimum Pay needs to be revised to Rs 26,000 per month and the minimum pay of Rs 18,000 as recommended by the 7th Central Pay Commission is not acceptable," said Minutes of the meeting of Joint Secretary (IC) with the members of the Staff-Side of the Standing Committee (National Council-JCM).
The Secretary, Staff-side, Standing Committee (National Council-Joint Consultative Machinery) said, the Staff-side is "not at all happy" with the recommendations of the 7th Central Pay Commission and, in fact, "no section of the employees is satisfied", as the Commission has recommended a minimal pay increase as compared to the previous Pay Commissions.
The Secretary further stated that an amicable and mutually negotiated settlement of these demands is necessary as "non-acceptance would further cause resentment in the employees".
The Secretary "informed that Staff-Side has already made their stand clear to go on strike from April 11, 2016, if their demands are not considered and no amicable settlement happens", the Minutes said.
The meeting was held to discuss the issues raised by the National Joint Council of Action (NJCA) in their letter addressed to the Cabinet Secretary, regarding their Charter of Demands on the recommendations of the 7th Central Pay Commission.
The Staff-Side also said the central government employees need to be excluded from the National Pension Scheme (NPS), a long pending demand. The fixed monthly medical allowance for pensioners who are not covered by the Central Government Health Scheme (CGHS) and REHS needs to be increased from Rs 500 to Rs 2,000 is another major demand.
The Joint Secretary (Implementation Cell) assured the Staff-Side that the concerns and demands made by them would be placed before the Empowered Committee of Secretaries for consideration after examining the same in the light of the recommendations of the Commission.
The scheme of Joint Consultative Machinery (JCM) is a platform for constructive dialogue between the representatives of the Staff-Side and the official side for peaceful resolution of all disputes between the Government as the employer and the employees.
The demands are submitted to the Implementation Cell, created in the Finance Ministry, to work as Secretariat for the Empowered Committee of Secretaries headed by the Cabinet Secretary P K Sinha.
The 7th Central Pay Commission recommendations, when implemented, would have a bearing on the remuneration of 47 lakh central government employees and 52 lakh pensioners. Subject to acceptance by the government, the recommendations will take effect from January 1, 2016.

Source: dnaindia.com

7th Pay Commission: Salary hike unlikely to destabilise prices, says Economic Survey

New Delhi: The hike in wages under the Seventh Pay Commission is unlikely to destabilise prices and will have little impact on inflation, the Economic Surveysaid Friday.
 
"For most of the current fiscal year, inflation has remained quiescent, hovering within the RBI's target range of 4-6 percent. But looming on the horizon is the increase in wages and benefits recommended for government workers by the Seventh Pay Commission (7th PC).

"If the government accepts this recommendation, would it destabilise prices and inflation expectations? Most likely, it will not," the survey, tabled in Parliament, said.

Citing example of implementation of the Sixth Pay Commission, the pre-Budget document said the Commission award barely registered on inflation despite the lumpiness of the award, owing to the grant of arrears.

"If the 6th Pay Commission award barely registered, the 7th Pay Commission is unlikely to either, given the relative magnitudes, even if fully implemented," it said.

The Survey noted expected wage bill (including railways) will go up by around 52 per cent under the Seventh Pay Commission vis-a-vis 70 percent under the 6th pay commission.

Elaborating further on impact of implementation of pay commission on inflation, the Survey said in principle, inflation reflects the degree to which aggregate demand exceeds aggregate supply and pay awards determine only one small part of aggregate demand.

"Since the government remains committed to reducing the fiscal deficit, the pressure on prices will diminish, notwithstanding the wage increase," it added.

Besides, pre-Budget Survey said theory does suggest that a sharp increase in public sector wages could affect inflation if it spilt over into private sector wages and hence private sector demand.

"But currently this channel is muted, since there is considerable slack in the private sector labour market, as evident in the softness of rural wages," it said.

The 7th Pay Commission has recommended a 23.55 percent hike in salary, allowances and pension, involving an additional burden of Rs 1.02 lakh crore, to central government employees and pensioners.

The Pay Commission recommendations, when implemented, would have bearing on remuneration of 47 lakh central government employees and 52 lakh pensioners. Subject to acceptance by the government, the recommendations will take effect from January 1, 2016.

PTI ( Source : http://zeenews.india.com/)